03-02-2011, 08:04 PM
Great. If earn 1,000,000 annually from my permanent job salary, will i add my service income with salary income?
Secondly, if my services net income from teaching is Rs 550,000 and normal tax is Rs 24'750 @ 4.5% normal tax and U/S 153(b) tax is Rs 33,000 @ 6.0%, so will my minimum tax will be Rs 33,000 or Rs 24,750?
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Agar ap ki services ki income 200,000/- hay or us par 6% k hisab say tax withheld howa hay 12000/-
Minimum calculation aysy ho gi k ap sab say pahly net income nikaly gay apny expense less kar k,
Missal k tor par ap nay apni net income 150,000/- nikali, ab is par normal tax rate laga k tax nikalyn gay, 150,000/- chunky exempt income hay is liye tax 0 nikly ga,
Ab chunky ap ka tax normal tax rate k mutabik kam hay U/S 153(b) 12000, is tarhan ap ki minimum tax liability 12000/- hi rahay gi.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Secondly, if my services net income from teaching is Rs 550,000 and normal tax is Rs 24'750 @ 4.5% normal tax and U/S 153(b) tax is Rs 33,000 @ 6.0%, so will my minimum tax will be Rs 33,000 or Rs 24,750?
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Agar ap ki services ki income 200,000/- hay or us par 6% k hisab say tax withheld howa hay 12000/-
Minimum calculation aysy ho gi k ap sab say pahly net income nikaly gay apny expense less kar k,
Missal k tor par ap nay apni net income 150,000/- nikali, ab is par normal tax rate laga k tax nikalyn gay, 150,000/- chunky exempt income hay is liye tax 0 nikly ga,
Ab chunky ap ka tax normal tax rate k mutabik kam hay U/S 153(b) 12000, is tarhan ap ki minimum tax liability 12000/- hi rahay gi.
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